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Updated almost 5 years ago, 03/03/2020
Best advice for new real estate investments
Hi, I am looking to buy my first rental property, but I’m having trouble getting started. What is some of the best advice you could give a newbie like me?
Saidah, congrats on getting the ball rolling! I'd read up on everything you can, and also get to know your market. Start with Brandon's book on rental property investing, and network with investors and agents in your area to get a good idea of areas to invest, what numbers look like in your area, etc.
- Anson Young
- Podcast Guest on Show #235
Find your investment criteria. Get yourself a realtor. Save up some down payment.
Realize you are going to make mistakes. But you'll get through them and learn and get better with each mistake. Don't let the fear of the mistakes (which usually cost $$$) keep you from getting started.
@George Pauley thank you so much for you help! Can’t wait to get started
@Anson Young thank you for your help. Getting Brandon’s book is definitely on my to do list.
Originally posted by @Saidah Johnson:
@Anson Young thank you for your help. Getting Brandon’s book is definitely on my to do list.
You wont be disappointed, for sure!
- Anson Young
- Podcast Guest on Show #235